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A company had net sales of $804,900 and cost of goods sold of $570,730. Its net income was $29.260. The company's gross margin ratio equals

A company had net sales of $804,900 and cost of goods sold of $570,730. Its net income was $29.260. The company's gross margin ratio equals Multiple Choice 29.1% 25.ON 25.5% 35.9% c 41DS

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